Business
Just a few days after the acquisition of Aeronautics by Rafael Advanced Defense Systems and Avichai Stolero was completed, the new owners are working on a deal to make back almost half of their NIS 850 million investment in the acquisition of the Israeli unmanned aerial vehicle (UAV) developer and
Business
Israeli defense giant Rafael Advanced Defense Systems and businessman Avihai Stolero have completed their acquisition of unmanned aerial vehicle (UAV) manufacturer Aeronautics, the parties announced on Tuesday. The NIS 850 million ($240m.) deal, expected to be finalized in the coming days, will see Rafael and Stolero hold equal shares of
Business
AgEagle Aerial Systems, Inc., a provider of advanced aerial imagery and data collection and analytics solutions for the sustainable agriculture, precision farming and urban green management markets, has begun to actively pursue expansion opportunities within the emerging Drone Logistics and Transportation market – a market forecasted to grow to $29 billion
Business
General Atomics Aeronautical Systems Inc. (GA-ASI) of Poway, California was awarded a maximum $78,000,000 indefinite-delivery/indefinite-quantity contract with firm-fixed-price and cost-plus-fixed-fee contract line items with potential maximum estimated values of $93,000,000. The contract is for the integration and testing support for the Medium Altitude Long Endurance
Business
General Atomics Aeronautical Systems, Inc. (GA-ASI) has announced that four more Belgium-based businesses have been selected to join five previously identified companies to support the development of MQ-9B SkyGuardian RPA for Belgium. AeroSimulators Group (ASG), AIRobot, ALX Systems and Hexagon will join Team SkyGuardian, which already includes the following five
Business
Houston-based, Trumbull has supported ExxonMobil since 2014 and was one of the first US companies approved for operations. Recently awarded a 5-year Unmanned Aircraft Systems (UAS) Agreement, Trumbull will expand drone data collection and inspections as part of a new contract. “Trumbull is grateful to serve amazing clients. After conducting
Business
The Defense Department’s effort to connect sources of capital with small companies that need investment will begin with a focus on those that design and manufacture small unmanned aerial systems, the Pentagon’s acquisition chief told reporters. The Trusted Capital Marketplace will begin with a first meeting of investors
Business
Deveron UAS Corp. an agriculture digital services and analytics provider in North America has announced it has entered into an agreement to acquire Kansas City, Missouri based digital agriculture provider Atlas Team. The acquisition will allow Deveron to continue to build upon its expansion into the US agriculture market providing
Commercial
The DRONERESPONDERS Public Safety Alliance – a 501(c)3 non-profit program of AIRT, Inc. – and the Commercial Drone Alliance, an independent 501(c)6 organization working to collectively merge policy with innovation in the unmanned aircraft systems (UAS) industry – have announced a partnership to assist public safety UAS programs in
Business
The Ukrainian and Turkish defense industries are pooling their efforts to develop the new Akinci heavy strike drone, Ukraine’s state military manufacturer UkrOboronProm said on Aug. 20. The new aircraft is being designed as part of a recently-launched joint production project between UkrSpetsEksport, an UkrOboronProm affiliate company, and Turkish
Business
Virginia Beach, Va.-based DroneUp announced that it was awarded a multi-state contract for Unmanned Aerial Systems (UAS) services by the Commonwealth of Virginia. DroneUp will use the contract to provide drone services to all state agencies, institutions of higher education and other public sector entities in Virginia. Founded in
Launchers
Drone Delivery Systems has secured a distributor of their products including AirBox Home for the Nordic region plus India and Malaysia. This would also include DroneX, their fleet of delivery drones as well as AirBox Sky, the temperature regulated payload carrier. Drone Delivery Systems is the only company in the